Crius Announces the Initiation of a Distribution Reinvestment Plan; Will Satisfy Entitlements by Making Market Purchase for October 2018 Distribution

/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/

TORONTO, Oct. 24, 2018 /CNW/ - Crius Energy Trust (the "Trust" or the "Company") (TSX: KWH.UN) is pleased to announce the implementation of a Distribution Reinvestment Plan (the "DRIP"). The DRIP will offer Canadian resident unitholders ("Canadian Unitholders") an opportunity to increase their investment in the Trust by receiving distribution payments in the form of trust units of the Trust ("Units") without paying additional transaction costs, broker commissions, administrative costs or other service charges.

Units available for the reinvestment of distributions under the DRIP may, at the discretion of the Trust, be (a) issued from treasury, or (b) purchased on the open market at the applicable best efforts open market purchase price, all of which will be publicly announced from time to time by the Trust. Initially, Units available for reinvestment of distributions under the DRIP will be purchased on the open markets (through the facilities of the Toronto Stock Exchange) at the applicable best efforts purchase price. Under the DRIP, Units issued from treasury may be at a discount of up to 3% of the average market price and the discount will be determined from time to time by the Trust. The average market price for 'treasury purchases' is defined in the DRIP as the volume weighted average price of Units traded on the Toronto Stock Exchange for the five (5) trading days immediately preceding the relevant Distribution Payment Date (provided at least 100 Units traded on the Toronto Stock Exchange). The average market price for 'market purchases' is defined in the DRIP as the average purchase price of Units on the Toronto Stock Exchange on the date that such market purchases were made by the plan agent.

Participation in the DRIP is optional for Canadian Unitholders and will not affect a unitholders' cash distributions unless they elect to participate in the DRIP. Participants in the DRIP plan may obtain additional Units of the Trust by automatically reinvesting the cash distributions paid on Units held by the DRIP plan participant. Canadian Unitholders can choose the number of Units they would like to have enrolled in the DRIP.

Participation in the DRIP is open to all registered and beneficial unitholders in Canada. Unitholders that are resident in jurisdictions other than Canada are not eligible to participate in the DRIP at this time. Distributions are only payable as and when declared by the board of directors of Crius Energy Administrator Inc., as administrator of the Trust, and there is no entitlement to any distribution prior thereto.

Investors who hold Units through a broker or other financial institution ("nominee") and wish to participate in the DRIP must enroll in the DRIP through their respective nominee agent. The administrative practices of nominees may vary and affect the manner in which unitholders can participate in the DRIP. Also, the various dates by which actions must be taken by unitholders as set out in the DRIP may differ from the dates required by the nominee.

Eligible unitholders who hold their Units in their name may enroll online through Computershare Trust Company of Canada's self-service web portal at www.investorcentre.com, or by completing and delivering an enrollment form in accordance with the DRIP not less than five (5) business days before a distribution record date.

The full text of the DRIP, along with the enrollment form, is available on the Trust's website at www.criusenergytrust.ca. Unitholders should carefully read the complete text of the DRIP and consult their financial advisors about potential tax implications before making any decisions regarding their participation in the DRIP. Distributions reinvested under the DRIP are designated as "eligible" distributions for the purposes of the Income Tax Act (Canada) ("Tax Act") and any similar provincial legislation. Once a Canadian Unitholder is enrolled in the DRIP, participation will continue automatically unless terminated in accordance with the terms of the DRIP.

About Crius Energy Trust

With approximately 1.4 million residential customer equivalents, Crius Energy provides competitive electricity and natural gas products to residential and commercial customers in 19 states and the District of Columbia in the United States. The Company sells energy products through a family of brands strategy utilizing a multi-channel sales approach including exclusive partnerships, direct-to-consumer channels, and broker marketing channels. Crius Energy offers consumers a broad suite of energy products and services including fixed and variable contracts, renewable energy, and bundled products to support their energy needs beyond what is offered by their local utility.

The Trust intends to continue to qualify as a "mutual fund trust" under the Tax Act. The Trust will not be a "SIFT trust" (as defined in the Tax Act), provided that the Trust complies at all times with its investment restriction which precludes the Trust from holding any "non-portfolio property" (as defined in the Tax Act). Material information pertaining to Crius may be found on SEDAR under the Trust's issuer profile at www.sedar.com or on the Trust's website at www.criusenergytrust.ca.

SOURCE Crius Energy Trust

Michael Fallquist, Chief Executive Officer, [phone]; Roop Bhullar, Chief Financial Officer, [phone]; Kelly Castledine, Investor Relations, [phone]